With most on the spot money loans you only have about three to 6 months to complete your repayments, which may be beyond your price range. Payday loans are supposed to be used in the event of a monetary emergency that you could be not be capable to pay for with what's left of your month-to-month pay. To be eligible for a bike loan, lenders just be sure you have a minimal revenue of at the very least round INR 50,000 per year.